Asian Markets: China Shares Fall Sharply --Update

TODAY: July 8, 2015 PUB DATE: July 8, 2015

By Gregor Stuart Hunter Chinese shares fell early Wednesday, even as Beijing summons new measures to arrest a three-week selloff, and the effects of the rout start to ripple into global markets. The Shanghai Composite is down 6.2% at 3496.99. ...

Asian Markets: China Shares Fall Sharply --Update

TODAY: July 8, 2015 PUB DATE: July 8, 2015

By Gregor Stuart Hunter Chinese shares fell sharply early Wednesday, even as Beijing summons new measures to arrest a three-week selloff. The Shanghai Composite is down 6.2% at 3496.99. The smaller Shenzhen Composite fell 4.1% to 1,852.98, while the ChiNext ...

Copper Sinks to Six-Year Low

TODAY: July 8, 2015 PUB DATE: July 8, 2015

Copper prices plunged to a six-year low on Tuesday after fresh losses in China's stock market amplified investor fears of a faster-than-expected retrenchment in the country's economic growth and weaker demand for the metal. China is the world's top copper ...

Oracle Cuts Value of Stock-Option Grants to Top Executives

TODAY: July 8, 2015 PUB DATE: July 8, 2015

By Shira Ovide Oracle Corp. maintained the number of stock options it granted to its three top executives in 2015, but it altered the terms of its executive pay in a way that lowered the value of those awards. Oracle ...

Australian Banks Further Curb Investor Mortgage Lending

TODAY: July 8, 2015 PUB DATE: July 8, 2015

MELBOURNE, Australia--Australia's big banks are further tightening lending to housing speculators as authorities continue to fret about risks to the country's hot property market. Westpac Banking Corp., the largest lender to housing investors, from Wednesday will limit loans to 80% ...

Singapore Cooperating With Malaysia on Probe Involving Najib Razak

TODAY: July 8, 2015 PUB DATE: July 8, 2015

Singapore's central bank said it is cooperating with Malaysia over a probe into allegations of fund transfers totaling almost $700 million into Prime Minister Najib Razak's personal accounts. Mr. Najib has denied wrongdoing. On Tuesday, Malaysian authorities said they were ...

Fed Tells Santander's U.S. Unit to Shape Up -- 2nd Update

TODAY: July 8, 2015 PUB DATE: July 8, 2015

By Ryan Tracy And Jeannette Neumann The Federal Reserve issued a stinging lecture to Spanish bank Banco Santander SA, faulting the lender's U.S. unit for failing to meet regulators' standards on a range of basic business operations. Santander had previously ...

Chinese Ride-Hailing Startup Raises $2 Billion

TODAY: July 8, 2015 PUB DATE: July 8, 2015

HONG KONG?Chinese ride-hailing startup Didi Kuaidi Joint Co. said Wednesday it raised $2 billion from a group of investors, the largest-ever fundraising for a Chinese technology startup. The new round of funding values China's dominant competitor to Uber Technologies Inc. ...

New Zealand May Hit FY15 Surplus After All

TODAY: July 8, 2015 PUB DATE: July 8, 2015

By Rebecca Howard WELLINGTON, New Zealand--The latest government accounts increase the odds New Zealand might hit its an oft-promised budget surplus in the fiscal year to June 30, 2015. The New Zealand Treasury said Wednesday it had recorded a core ...

Correction to EMC to Sell Dropbox Rival Syncplicity Articles

TODAY: July 8, 2015 PUB DATE: July 8, 2015

Terri McClure is a senior analyst at Enterprise Strategy Group. "EMC to Sell Dropbox Rival Syncplicity -- Update," published at 1:30 p.m. EDT, and "EMC to Sell Dropbox Rival Syncplicity," published at 1:26 p.m. EDT and 1:22 p.m. EDT, incorrectly ...

Oil Turns Negative as Market Sentiment Sours Further

TODAY: July 8, 2015 PUB DATE: July 8, 2015

By Eric Yep Crude-oil futures turned negative in Asian trade Wednesday, erasing some early gains, as market sentiment soured further with another decline in China's equity markets. Oil prices have fallen into bearish territory, after being stuck in a narrow ...

Home Builder Five Point Files for IPO

TODAY: July 8, 2015 PUB DATE: July 8, 2015

By Kris Hudson California developer Five Point Holdings Inc. filed a draft registration statement with regulators outlining an initial public offering, providing a test of investors' appetite for housing-related offerings after a yearlong lull. New-home sales in the first five ...

Greece Gets Five Day to Strike Deal With Creditors

TODAY: July 8, 2015 PUB DATE: July 8, 2015

By Viktoria Dendrinou BRUSSELS--Greece has five days to strike a deal with its international creditors over a new bailout program before European Union leaders convene in Brussels on July 12, European Council President Donald Tusk said Tuesday. Mr. Tusk, who ...

Greater New York Watch

TODAY: July 8, 2015 PUB DATE: July 8, 2015

Man Holding a Child Is Shot in the Head A 20-year-old man was shot in the head and killed Tuesday while he held his young daughter in his arms, police said. The victim, identified by family members as Allen McQueen, ...

China Market Rout Closes Off an Avenue of Fundraising

TODAY: July 8, 2015 PUB DATE: July 8, 2015

By Fiona Law HONG KONG--Earlier this year, China's stock-market rally handed Inner Mongolia Baotou Steel Union Co., a steelmaker indirectly owned by its provincial government, a much-needed lifeline. The company was struggling with weak sales and a heavy debt load, ...

Fair Trade' Becomes a Fashion Trend

TODAY: July 8, 2015 PUB DATE: July 8, 2015

By Andria Cheng Fair Trade coffee and chocolate have become commonplace. Get ready for Fair Trade fashion and décor. Two years after a garment-factory collapse in Bangladesh killed more than 1,100 people and put a harsh spotlight on fashion-industry working ...